Land Prime ALERT: Traders Can't Get Their Money Back! Don't Be Next!

Land Prime (formerly known as Land-FX) presents itself as a reliable broker. At first glance, it may look like a trustworthy choice. However, upon closer examination of the facts presented on WikiFX, serious concerns emerge. Malaysian traders should be cautious, as this broker raises more questions than answers.

WikiScore: Low Ratings and Many Complaints

WikiFX has given Land Prime a low WikiScore. This score reflects the problems and risks found in the brokers operations. The platform clearly warns: “Low score, please stay away.”

View WikiFXs full review on this Land Prime here: https://www.wikifx.com/en/dealer/1231241341.html

A big reason for the poor rating is the number of complaints made by traders. WikiFX shows several complaints against Land Prime. These are not isolated cases. Together, they reveal a pattern of problems that should not be ignored.

The Licence Issue: What Land Prime Does Not Tell You

Land Prime points to a licence from the UK Financial Conduct Authority (FCA) under LandFX UK Limited, with reference number 709866. On the surface, this seems like a strong sign of safety.

But the truth is different. This FCA licence is only an investment advisory licence. It does not cover foreign exchange trading. It also does not allow the broker to hold client money. In other words, the licence does not cover the services Land Prime is offering to traders.

WikiFX has marked this as “FCA Exceeded”, which means Land Prime is operating beyond the scope of what it is legally allowed to do. For Malaysian traders, this is a major warning sign. If a broker is working outside its licence, it is as if it has no valid licence at all.

To make matters worse, concerns grew further when WikiFX conducted a field survey at Land Primes listed address in United Kingdom (LU 121 The Lightbulb 1 Filament Walk, London SW18 4GQ). Investigators found no office, no signage, and no staff who had even heard of the company. The findings suggest Land Prime has no real presence at its claimed location, and this casts more doubt on its credibility and transparency.

Read the full field survey report here: https://www.wikifx.com/en/survey/702862de28.html

Why This Is Dangerous

Trading with a broker that does not have the correct licence carries very serious risks.

• Client funds may not be safe. Without a proper licence, there is no guarantee that deposits are held separately from company money.

• No compensation schemes. If the broker fails or refuses to return funds, traders cannot rely on financial compensation programmes.

• Little real oversight. Regulators can only monitor activities that fall under the licence. Anything done outside that scope is not properly supervised.

This means that if problems arise, traders have almost no protection.

The Complaints: What Traders Are Saying

The Exposure section of WikiFX shows repeated complaints about Land Prime. These include:

• Withdrawal problems. Traders report that their money is delayed or withheld when they try to withdraw.
  
  
  

• Unfair trading conditions. Some users accuse the broker of manipulating spreads or causing unusual price changes.

• Poor customer service. Clients complain of slow responses, lack of clear answers, or sudden restrictions placed on accounts.
  
  

These experiences highlight the very real difficulties traders may face when dealing with Land Prime.

Not on Malaysias Alert List, But Still Unsafe

At present, Land Prime does not appear on the Securities Commission Malaysia (SC) Investor Alert List. However, traders should not mistake this as proof of safety.

The SC list is useful, but it does not include every unlicensed broker right away. Some companies operate for months or years before being officially flagged. The absence of Land Prime from the list today does not mean it is secure.

A Clear Reminder for Malaysian Traders

Land Prime has three major problems that cannot be ignored:

1. A poor WikiScore with many trader complaints.

2. An FCA licence that does not cover forex trading or client money.

3. A pattern of withdrawal issues and poor customer service.

The combination of these issues makes Land Prime a high-risk choice for Malaysian investors.

When choosing a broker, always check:

• Does the licence cover forex trading and client funds?

• Are there repeated complaints from other traders?

• Is the broker licensed by SC Malaysia or by another respected regulator such as the FCA (UK) or ASIC (Australia)?

Conclusion

Land Primes marketing may create the appearance of legitimacy. But the details tell another story. Without the correct licence and with a growing list of trader complaints, it should be treated as a broker to avoid.

For Malaysian traders, this is a strong reminder: do not trust a licence claim without checking what it actually allows. And do not assume that a broker is safe just because it is not yet on the SC alert list.

Until Land Prime resolves its licence issues and proves it can be trusted with client funds, Malaysian investors should protect themselves by staying away.

Conducting due diligence before investing is crucial, and independent verification tools such as WikiFX can be instrumental in assessing the legitimacy of brokers and investment firms. The WikiFX mobile application, available on Google Play and the App Store, provides comprehensive insights into brokers regulatory status, customer reviews, and safety ratings. By leveraging such resources, investors can make informed decisions and avoid the financial devastation caused by fraudulent schemes.